Kura Sushi USA (NASDAQ:KRUS - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Roth Capital in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $106.00 price objective on the stock, up from their previous price objective of $89.00. Roth Capital's price target would indicate a potential upside of 38.60% from the stock's current price.
Several other brokerages have also recently issued reports on KRUS. Citigroup lowered their target price on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Barclays upped their target price on shares of Kura Sushi USA from $52.00 to $71.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. TD Securities restated a "hold" rating and issued a $79.00 target price on shares of Kura Sushi USA in a report on Wednesday. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Finally, Lake Street Capital lowered their target price on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $90.27.
Read Our Latest Analysis on Kura Sushi USA
Kura Sushi USA Stock Performance
Shares of NASDAQ:KRUS traded down $10.30 during trading hours on Wednesday, reaching $76.48. The stock had a trading volume of 1,528,375 shares, compared to its average volume of 230,743. Kura Sushi USA has a 1 year low of $40.03 and a 1 year high of $110.66. The firm's 50 day moving average is $73.08 and its 200-day moving average is $70.05. The stock has a market capitalization of $924.64 million, a price-to-earnings ratio of -84.98 and a beta of 1.67.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. Kura Sushi USA had a negative net margin of 4.06% and a negative return on equity of 0.78%. The company had revenue of $73.97 million for the quarter, compared to the consensus estimate of $71.82 million. Analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.
Institutional Trading of Kura Sushi USA
A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in Kura Sushi USA by 30,191.7% during the 1st quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock worth $186,000 after buying an additional 3,623 shares during the last quarter. Moody National Bank Trust Division raised its position in Kura Sushi USA by 21.9% during the 1st quarter. Moody National Bank Trust Division now owns 28,110 shares of the company's stock worth $1,439,000 after buying an additional 5,043 shares during the last quarter. King Luther Capital Management Corp raised its position in Kura Sushi USA by 113.1% during the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock worth $3,487,000 after buying an additional 20,432 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in Kura Sushi USA during the 1st quarter worth $1,244,000. Finally, Sei Investments Co. raised its position in Kura Sushi USA by 108.5% during the 4th quarter. Sei Investments Co. now owns 49,094 shares of the company's stock worth $4,447,000 after buying an additional 25,550 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.
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